1.1 An investment is a commitment of current resources in the expectation of deriving greater resources in the future.__________

1. TRUE
2. FALSE

1.2) Is the following statement true or false?

Financial markets are highly competitive. Thousands of intelligent and well-backed analysts instantly search the securities markets looking for the best buys. This competition means that we should expect to find few, if any, free lunches.

1. True
2. False

1.3) According to my presentations, there are more mutual funds than stocks on the New York Stock Exchange.______________

1. TRUE
2. FALSE

1.4) There is evidence that load funds consistently outperform no-load funds _____________

A. TRUE

B. FALSE

1.5) Mutual funds with high turnover ratios tend to be poor performers.

A. TRUE

B. FALSE

1.6) Exchange Traded Funds are alternatives to traditional mutual funds and are listed on exchanges and have shares traded throughout the day just like ordinary stock.________________

A. TRUE

B. FALSE

1.7) The price of an ETF can only change at the end of the day._______

A. TRUE

B. FALSE

1.8) All mutual funds have the same investment policies._____________________

A. TRUE

B. FALSE

1.9) Close to 80% of all actively managed stock funds consistently beat S&P 500 Index funds. _____________

A. TRUE

B. FALSE